A fascist is one whose lust for money or power is combined with such an intensity of intolerance toward those of other races, parties, classes, religions, cultures, regions or nations as to make him ruthless in his use of deceit or violence to attain his ends. The supreme god of a fascist, to which his ends are directed, may be money or power; may be a race or a class; may be a military, clique or an economic group; or may be a culture, religion, or a political party. – Henry A. Wallace

The idea that the United States has the highest standard of living in the world is one that is actually believed by numerous grownups in America, and most of them believe that this highest standard applies across the board. They’re only minimally conscious of the fact that whereas they’ve made extremely painful sacrifices to send a child to university, and they often simply can’t come up with enough money, and even if they can the child will be very heavily in debt for years afterward, in much of Western Europe university education is either free or eminently affordable; as it is in Cuba and was in Iraq under Saddam Hussein.

The same lack of awareness about superior conditions in other countries extends to health care, working hours, vacation time, maternity leave, child care, unemployment insurance, and a host of other social and economic benefits.

In short, amongst the developed nations, the United States is the worst place to be a worker, to be sick, to seek a university education, to be a parent; or, in the land of two million incarcerated, to exercise certain rights or be a defendant in court.

The New American Century lasted a decade. Financial crisis and defeated objectives in Iraq, Afghanistan, and Georgia brought the neoconservative project for American world hegemony crashing to a close in the autumn of 2008.

GENEVA — The world financial market will stay at low levels for a long time to come, and government injection of capitals into the market will not help, Swiss financial guru Marc Faber said on Tuesday.

"We’ll stick at this low point for a long time. Anyone who thinks that everything will soon be rosy again is naive," Faber, known as Dr. Doom for his prophecy of earlier economic crises, told the Swissinfo news website in an interview.

According to the investment adviser, no single catalyst could lead to a new bull market in the world.

He said government injection of huge capitals into the market could not actually save the market. To the contrary, those state measures can cause massive budget deficits.

He added he fully agree[d] with the view that there would be a US state bankruptcy.

"The US government will in future have new debts of at least $1 trillion," he said. "That’s on top of the current state debt of $10 trillion. And that doesn’t take into account state programs to stimulate the economy," he added.

According to Faber, the US government will in future have no other choice than to print money, which in the long term will lead to inflation.

For Ameristanis who have limited knowledge of expressions commonly used elsewhere, "state" in this instance means federal government.

The steel mills, big suppliers to many sectors of the economy, are shutting 17 of the nations 29 blast furnaces a startling indicator of how quickly output is declining as corporate America struggles to adjust to the spreading crisis.

Jack Cafferty can’t say it so I will. This piece of shit, Bush, is the lowest form of vermin ever to crawl on its belly! This scum needs to be dragged out of the White House by his ear and sent directly to the Hague to stand trial and then be hung by the neck until dead!

Unnamed US officials said the attack had targeted and killed a smuggler of foreign fighters into Iraq and said they didnt kill any of the women and children found at the attacked site. US officials say the attack is justified under an expansive definition of self-defense similar to the argument made by Israel when it attacked a site in Syria last year.

Commodity carriers will collapse in 6 months according to Fearnley Fonds ASA. We will see a significant number of bankruptcies, that’s for sure", given rental rates forecast by freight derivatives. Industrial Carriers Inc, a Ukrainian operator of about 55 vessels, filed for bankruptcy protection last week. Shipping rates have also been hurt by frozen credit markets. And a reduction in banks’ willingness to provide the letters of credit that traders use to fund purchases of cargoes. Rental rates have slumped to less than US$10,000 a day…